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WEB 2.0 HITS ASIADigital Marketplace
IDC’s Asia-Pacific Web 2.0 Conference 2008June 24, 2008 Grand Copthorne Waterfront, Singapore
Presentation by:Justin LeeExecutive Director, E27 Singapore
HELLO!
www.e27.sgUnconferences/Demo Events
www.garag3.comIDM Incubator & Funding
FDG Singapore 1 & 2Developer Engagement
eBay dev.shackDeveloper
Competition
Regional Social Media Workgroup
NUS iLeadSilicon Valley Tour
Jul ‘08
Business Model: Niche Events, Collaborative Spaces, Specialized Tours, Community Oriented Websites that
leverage Web 2.0
Audiences: Startups, Academics, Governments, Educational Institutions, Investors, Media
What Is OPTIMATIC?
A Social Enterprise DedicatedTo Serve the Entrepreneurial and Leadership
Community.
Focusing on the High-Tech Software Ecosystem between Singapore, Silicon Valley,
Sweden and many more regions!
The Straits Times, 11 March 2008 The Business Times, 11 December 2007
WE ASKED FOR THIS
BUT GOT THIS
FROM THE BOOM DAYS CIRCA ‘90S, MARC ANDRESSEN (NETSCAPE), 1.0 POSTER BOY
TO THE ‘NUCLEAR’ WINTER DAYS
THE NASDAQ INDEX PEAKED IN 2000, REFLECTING THE HIGH POINT OF THE BUBBLE (CREDITS, WIKIPEDIA)
GOOGLE AT IPO$85
GOOG POST IPOCREDITS: FINANCE.GOOGLE.COM
SILICON VALLEY 2005
HIGHWAY 101 - JAN 2005CREDITS: HTTP://WWW.FLICKR.COM/PHOTOS/MICHAELPATRICK/67028273/
HIGHWAY 101 - DEC 2005CREDITS: HTTP://WWW.FLICKR.COM/PHOTOS/SOUTHERNCALIFORNIAN/429024787/
BOOM!
2.0 IS HERE!
IT IS SHINY,
HAS REFLECTIONS,
GRADIENTS,
& AJAX
VENTURE CAPITAL COMMITMENTS ‘05-’08PWC/NVCA MONEYTREE(TM) REPORT
VENTURE CAPITAL COMMITMENTS ‘05-’08PWC/NVCA MONEYTREE(TM) REPORT
VENTURE CAPITAL COMMITMENTS ‘05-’08PWC/NVCA MONEYTREE(TM) REPORT
BUBBLE?YES(MASSIVE VALUATIONS)
NO (SUB-PRIME REDUCED VALUATIONS)MAYBE (THE COST OF STARTING UP HAS PLUMMETTED)
CHINA
“Media & Advertising Drive VC Activity in China as
Investment Jumps 46% to $719M in 1Q08”
- Dow Jones VentureSource
INDIA
Sequoia Capital India Growth Fund 1: $383m
Matrix Partners: $150m
Helion Venture Partners: $140m
New Enterprise Associates IndoUS: $105m
Sherpalo Ventures/KPCB
Reliance Capital
VIETNAM
Mekong Ventures
IDG Ventures Vietnam $100m
DFJ VinaCapital $50m
VENTURE CAPITAL HAS GLOBALIZED
VC FIRMS NO LONGER INVEST ONLY WITHIN ‘2 HRS’ FROM SAND HILL ROAD
EMERGING MARKETS REPRESENT MASSIVE POTENTIAL
THE OPPORTUNITY LIES IN LOCALIZATION
IT’S ALL ABOUT COPYING: FACEBOOK VS XIAONEI VS STUDVIZ
FIRST THE INVESTMENTSTHEN THE USAGE
WEB 2.0 IS HERE &THRIVING IN ASIA. AWARENESS RISING
WEB 2.0 ANALYSIS
Primary Consumer Technology Market in Asia still lies in Gaming:
Online Gaming Revenues (i.e. MapleStory, WoW) still trumps anything in Web 2.0
Now: China, Korea, Japan, Thailand. Emerging: Vietnam, Indonesia.
Gaming is not-equal-to Web 2.0
Web 2.0 is still in its infancy Innovation Wise in Asia
Consumer Adoption is Extremely Strong: Facebook, Youtube, Xiaonei, TuDou.com, Baidu.com, QQ, Yahoo!
Enterprise Adoption is pretty slow.
SME’s, Sohos First. (i.e. Google Docs)
WHAT’S HAPPENIN’IN ASIA?
ASIA’ STYLE
Less Innovation
More BootSrapping/Angel Money
VC only in ‘Scale Markets’ - China, Korea, India
Community ‘Self Help’
More Consumers consuming US services
Local services are highly localized - Difficult to scale because of fragmented cultures/languages
SOME OF ASIA’S “SCALE” MARKETS...
CHINA
1. Gaming2. BBS3. Online Video
•QQ: Olympic/Anti-Tibet•BBS + Video: Sichuan EarthQuake•President Hu Web Casting
•Large Population•Clones•Thriving Venture Scene
KOREA
•Similarly large market•Local orientation, bereft of external influence.•Top Notch Infrastructure•Korean gaming culture is widespread
Naver, Daum, Nate, Cyworld, OhMyNews,
ThinkFree
SOME OF THE MICRO-MARKETS...
MALAYSIA
www.mindvalley.com, barcamp.org/BarCampMalaysia, malaysiakini.com, tumpang.com, lighthouse.my, youthsays.com, advertlets.com
HONG KONG
852signal.com, webwednesday.hk, recruit.net, duedee.com, editgrid.com
THE REST
India
Thailand
Vietnam
Philippines
Japan
Indonesia
Australia
WHAT ABOUT SINGAPORE?
(IT’S MORE EXCITING THANYOU THINK!)
SINGAPORE
GrassRoots
Institutional
Grass Roots: e27.sg, thedigitalmovement.org, 9eek9oddess.blogspot.com, theory.isthereason.com, barcamp.org/BarCampSingapore, sgentrepreneurs.com, php.com.sg, tech65, interesthink.comInstitutional: NUS School of Computing Class CS3214, garag3.com, etp.nus.edu.sg, nus.edu.sg/noc, sv.nusilead.org/site, ntu.edu.sg/NTC/etip.asp, nes.org.sg
SINGAPORE
Governmental
Corporate
Conferences
mda.gov.sg, ida.gov.sg, spring.gov.sg
SINGAPORE
Startups
homespace.sg, ihipo.com, widgeo.us, zopim.com, wego.com, discoverio.com, app.facebook.com/battlestations, nuffnang.com, yum.sg, hungrygowhere.com, yebber.com, sharedcopy.com
SINGAPORE: WEB2.0 HUB?Advantages
•Capitalize on It, The True Gateway to Asia•The Best of East and West•A Tier-One Global Lifestyle Capital•Easiest Place to do Business•Trusted, Transparent City of Commerce•Constellation of Auxiliary and Professional
Services•Cost-Competitive vis-à-vis Silicon Valley,
Boston, London•Pro-Active, Entrepreneur Oriented Govt•Massive Regional Labour Pool•Top Notch Educational System•Low Corporate Taxes, No Capital Gains Tax,
No Tax on Foreign Earned Income•Private Banking, Angel Investor, Finance
Centre•Active University Entrepreneurial
Programmes•NOC Programme! Silicon Valley Linkages•Sentosa!, F1 GP, Youth Olympics, IRs, Sports
Hubs...
WHAT CAN WE DO?
Understanding Web 2.0
Raising Awareness of
Web 2.0
Using Web 2.0
Evangelizing Web 2.0
Supporting Local
Services
2.0 Your Organization
Opening Data Access
Leading TheWay in Web 2.0
THANK YOU!
SEE YOU! CONTACT ME:
EMAIL: [email protected]
BLOG: HTTP://WWW.JCURVE.INFO
ADD ME ON FACEBOOK!
EBAY DEV.SHACK25 JUNE 2008
Venue: THE ARTS HOUSE1 OLD PARLIAMENT LANESINGAPORE 179429
Time: 6.30pm Onwards
http://entrepreneur27singapore.wikispaces.com/eBay.dev.shack
eBay Widgets, eBay Platform Development, Auction for Dinner with
VP SEA!
E27 UNCONFERENCE3RD QUARTER 2008
Startup Demos!Breakout Sessions!Startup Exhibition!
Showcase of the vibrant tech entrepreneurship scene in Singapore and the region!
NUS ILEADJULY 2008
GARAG3garag3 |g!"rä zh; -"räj|
For: !
•! Entrepreneurial "
technologists!
•! Futurists !
•! New media visionaries !
We help turn their ideas into
commercial reality.
